Tron is Struggling to Rise Towards $0.15
Tron (TRX) is rising by 0.6% to $0.1348 this week, though it reached a higher point at $0.1371. The token's price retreated in line with Bitcoin, which lost 1.3% to $67,300 on Monday.
Tron prices have surpassed the resistance at $0.1300 ten days ago and reached the trend resistance at $0.1404 on July 13. The prices have since pulled back slightly, awaiting an opportunity to move up towards $0.1500.
The Tron community is experiencing mixed emotions after real staking rates in the network fell deeply into the negative zone, making short trades for Tron more profitable than long trades. However, Tron's popularity is rising, evidenced by an increasing number of addresses and overall activity in the network. Setting emotions aside, the chances for an upside scenario appear higher.
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